Sellbyville, DE -- (SBWIRE) -- 06/17/2019 -- Global Market Insights recently introduced new report on global Oil-Free Air Compressor market with an in-depth study providing complete analysis of the industry size, share and statistics for the period 2019 to 2024. It also provides complete overview of Oil-Free Air Compressor industry considering all the major industry trends, market dynamics and competitive scenario.

Rising governmental regulations in several countries with regards to safeguarding the environment to mitigate the emission of harmful gasses and greenhouse effects that leads to ozone layer depletion, will propel the oil-free air compressor market demand. Growing product demand in various areas such healthcare and food & beverage industry where air quality needed for application is critical is expected to drive the global market growth over the forecast period.

Request for a sample copy of this report @
https://www.gminsights.com/request-sample/detail/460

Oil-free air technology helps to avoid expensive filter replacements thereby, cutting the cost of oil condensate treatment and reduction in energy lost from pressure drop in filters. In addition, low installation & maintenance cost, portability, energy efficiency and ability to supply variation in pressure will augment the oil-free air compressor market growth. Rising manufacturing activities in industrial and non-industrial processes particularly in developing countries will strengthen the global oil free air compressor demand in the coming years.

Stationary segment held approximately USD 12 billion in 2024 of the overall oil-free air compressor market share owing to its increasing applicability in the home appliances and manufacturing sector. The portable oil-free air compressors segment accounted for a revenue share of over USD 2.5 billion in 2024, (hand-held or wheel mounted). The effortless handling and low maintenance offered by portable oil free air compressors will spur the product demand in near future.

Home appliances segment will capture significant share of over 70% in 2024 of the global oil-free air compressor market owing to its wide application in air conditioners and refrigerators for commercial as well as residential purpose. The food & beverages segment revenue will capture a comparatively lesser market share by the end of 2024 due to several regulations pertaining to safety and hygiene governing the sector.

Make an Inquiry for Purchasing this Report @
https://www.gminsights.com/inquiry-before-buying/460

The U.S. rotary segment will witness growth at a moderate speed and accounted for over 65% share in the overall industry in 2024 and will grow with a highest CAGR owing to their increased adoption in heavy industrial applications. However, the centrifugal compressor segment held a share of over USD 7 billion in 2024 and will grow with a CAGR of close to 4% in the forecast spell.

Oil-free Air Compressor Market in Asia-pacific led by China will exhibit growth with a CAGR of over 4% owing to significant demand from the oil & gas industries along with adoption of variable speed air compressor. North America rotary scroll oil-free air compressor market accounted for over USD 215 million in 2024 and will exhibit growth with a CAGR of close to 4 %.

The Oil-Free Air Compressor market report offers detailed competitive landscape of the global market. It includes companies, industry statistics, market share analysis and product portfolio of the major industry participants. The report provides detailed segmentation of the Oil-Free Air Compressor market based on product, technology, end user and region.

Browse Report Summery @
https://www.gminsights.com/industry-analysis/oil-free-air-compressor-market

The oil-free air compressor market competitive landscape includes key players such as:
- General Electric
- Hitachi Industrial Equipment Systems
- Ingersoll Rand
- Oasis Manufacturing
- ELGI Equipments Limited
- Cook Compression
- Atlas Copco
- Gardner Denver
- Bauer Group
- Boge Compressors
- Mitsubishi Heavy Industries Ltd.

In order to attain a dominant position in the global market, these players are focusing on research and development activities to introduce technological advancement and innovation.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.